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Securing credit card transactional data is crucial

Financial inclusion and consumer safety through digitisation

June 25, 2017 • Finance, Opinion, Southern AfricaComments Off on Financial inclusion and consumer safety through digitisation

Use of hard cash as a percentage of total global payments is steadily declining but the key driver of its supply and demand is the consumer’s propensity to adopt alternatives such as digital transactions. The use of legal tender such as coins and notes has been declining in mature first world economies since the 1990s [&hellip...

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Mastercard Early Detection System

Nigerian start-up and Mastercard deliver cashless online shopping payment

June 21, 2017 • Finance, Retail, Top Stories, West AfricaComments Off on Nigerian start-up and Mastercard deliver cashless online shopping payment

Within an African e-commerce sector which is plagued by cash, with the majority of payments still being made in cash at the point of delivery, Mastercard has partnered with Nigerian tech start-up, NetPlus to develop an e-commerce solution that will help make...

Kenya: Internet Solutions ventures into Cyber Risk advisory

24% of banks struggle to identify online banking customers

June 20, 2017 • Finance, Security, Top StoriesComments Off on 24% of banks struggle to identify online banking customers

A survey conducted by Kaspersky lab has revealed that 24% of banks worldwide struggle with the identification of their customers when delivering digital and online banking services. According to the Financial Institutions Security Risks survey, 59% of banks...

Nigeria: Paylater reaches 1 million downloads

A Fintech First: Instantaneous Online Debit Orders

June 20, 2017 • Finance, Southern Africa, Startups, Top StoriesComments Off on A Fintech First: Instantaneous Online Debit Orders

Fintech startup, Direct Debit, recently launched E-Mandate, will offer a valid electronic agreement solution which allows customers to sign and authorise debit orders and recurring payment transactions online from any web-enabled device. This means that the...

Nigeria started off with the launch of ntel’s LTE-Advanced network in 2017

Siemans- Corruption to Cost Nigeria 37% of its GDP

June 20, 2017 • Finance, General, Top Stories, West AfricaComments Off on Siemans- Corruption to Cost Nigeria 37% of its GDP

Siemans, a multinational company operating in Nigeria, has said that if the public and private sectors in the country do not come together to fight the corruption which is plaguing Nigeria, it will cost the nation 37 percent of its Gross Domestic Profit (GDP)...

Kenya: Mobile ordering and payment solution launched for small kiosk owners

UBA and Mastercard partner to drive financial inclusion goals

June 14, 2017 • East Africa, FinanceComments Off on UBA and Mastercard partner to drive financial inclusion goals

Mastercard has signed a strategic partnership agreement with the Uganda Banker’s Association (UBA) to develop a framework that will strengthen the local financial services sector. The National Vision aims to transform the country into a prosperous African...

What to look out for when buying a second hand phone.

WorldRemit And Android Pay Targeting Unbanked Sector

June 13, 2017 • Finance, Online & Social, Top StoriesComments Off on WorldRemit And Android Pay Targeting Unbanked Sector

WorldRemit, a digital money transfer service has added Android Pay to its service. This will allow them to offer a new way for WorldRemit’s Android Pay users to send money internationally and reach millions using mobile money accounts. In a move which will...

Mobile money

Youtap partners Matchmove to provide mobile money solutions

June 13, 2017 • Finance, Top StoriesComments Off on Youtap partners Matchmove to provide mobile money solutions

Youtap, the global provider of contactless mobile money payments and financial services software, has partnered with MatchMove to provide Youtap customers in Africa and Asia with an off-the-shelf open-loop payment acceptance solution for wallets that are...

SAS Regional Practice Lead in Fraud and Financial Crimes to speak at at the Anti-Money Laundering and Financial Crime 2018 Southern Africa Conference

Africa on a world class AML compliance

June 7, 2017 • Finance, OpinionComments Off on Africa on a world class AML compliance

Africa has earned an unfair reputation of being a haven for money laundering and terror financing activity. There’s good reason for this. Africa has traditionally lagged behind developed markets in terms of promulgating legislation to combat money...

FNB customers uses digital channels to win $5.7 million LOTTO jackpot

Renew your car license on your phone with FNB

June 7, 2017 • Finance, General, Southern Africa, Top StoriesComments Off on Renew your car license on your phone with FNB

Customers of South African bank, First National Bank (FNB), will now be able to renew their car license on their mobile phones. This is thanks to the recently launched Nav Car platform on the FNB App. Users simply have to scan their license disk with their...

PayU has announced a partnership with Computop that will provide  South African retailers with payment solutions for high growth international markets.

PayU to expand Nigerian online payment market

June 6, 2017 • Finance, Online & Social, Top Stories, West AfricaComments Off on PayU to expand Nigerian online payment market

PayU, in an effort to further their operations in Nigeria, have announced that they will intensify efforts to connect businesses to Nigeria’s online payment market. The annual online payments in Nigeria is estimated to surpass N200 billion this year from...

Schalk Nolte, Entersekt CEO.

Risky business for mobile merchants

June 1, 2017 • Finance, Security, Southern Africa, Top StoriesComments Off on Risky business for mobile merchants

South African financial institutions are under severe pressure to better secure their mobile services. Fraud and increasingly sophisticated phishing attacks are massive challenges for organisations providing financial services via mobile devices, whereas the...

Kenya: Internet Solutions ventures into Cyber Risk advisory

Nigeria: N2.19 billion lost to cyber crime in 2016

June 1, 2017 • Finance, Security, Top Stories, West AfricaComments Off on Nigeria: N2.19 billion lost to cyber crime in 2016

According to reports by Nigeria Communications Week, electronic payment transaction fraud rose by 82 percent in 2016 with an estimated N2.19 billion ($6,9 million) lost to cyber criminals, according to the Nigeria Electronic Fraud Forum (NeFF) annual report...

IT companies will have to reveal foreign trade

South African IT firms asked to disclose foreign trade

May 30, 2017 • Enterprise, Features, Finance, SponsoredComments Off on South African IT firms asked to disclose foreign trade

In what is seen as a major development, the South African Revenue Service (SARS) has tightened up its criteria for what multinational businesses are allowed to submit to the tax man. The new laws state that medium and large businesses in South Africa that...

As Bitcoin becomes more popular, traveling while spending crypto is becoming easier than ever before thanks to blockchain technology.

Real-world applications of blockchain-enabled supply chains

May 26, 2017 • Finance, SponsoredComments Off on Real-world applications of blockchain-enabled supply chains

This is the second of a two-part series examining the impact of blockchain technology on supply chains. In part 01 we examined how blockchains work, and the potential game changing impact of this new technology on supply chains as a record keeping,...

Customers to benefit from disruption in Retail banking, says FNB

FNB launches innovative ATM

May 26, 2017 • Finance, Southern Africa, Top StoriesComments Off on FNB launches innovative ATM

FNB has become the first bank in South Africa to introduce a non-cash dispensing ATM with deposit capability. These ATMs are a smaller version of the standard ATM which FNB introduced in 2013 as a way of bringing banking services directly into small...